Chipotle Mexican Grill, Inc. Forecasted to Post Q1 2020 Earnings of $3.83 Per Share (CMG)

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Chipotle Mexican Grill, Inc. (NYSE:CMG) – Research analysts at Piper Jaffray Companies issued their Q1 2020 EPS estimates for shares of Chipotle Mexican Grill in a report released on Tuesday, March 12th. Piper Jaffray Companies analyst N. Regan expects that the restaurant operator will post earnings of $3.83 per share for the quarter. Piper Jaffray Companies has a “Overweight” rating and a $661.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Chipotle Mexican Grill’s Q3 2020 earnings at $4.06 EPS.

Chipotle Mexican Grill (NYSE:CMG) last posted its quarterly earnings results on Wednesday, February 6th. The restaurant operator reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.34. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Chipotle Mexican Grill had a net margin of 3.63% and a return on equity of 17.64%. Chipotle Mexican Grill’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 earnings per share.

CMG has been the subject of several other research reports. Zacks Investment Research downgraded shares of Chipotle Mexican Grill from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Wells Fargo & Co upped their target price on shares of Chipotle Mexican Grill from $420.00 to $464.00 and gave the company a “market perform” rating in a research note on Friday, January 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $500.00 target price (up previously from $465.00) on shares of Chipotle Mexican Grill in a research note on Friday, January 11th. Loop Capital upped their target price on shares of Chipotle Mexican Grill to $630.00 and gave the company a “positive” rating in a research note on Thursday, February 7th. Finally, SunTrust Banks upped their target price on shares of Chipotle Mexican Grill to $635.00 and gave the company a “positive” rating in a research note on Thursday, February 7th. Nine investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $515.14.

Shares of NYSE:CMG opened at $639.00 on Thursday. Chipotle Mexican Grill has a 52 week low of $307.70 and a 52 week high of $646.54. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of 70.53, a PEG ratio of 2.92 and a beta of 0.65.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Contravisory Investment Management Inc. boosted its holdings in Chipotle Mexican Grill by 7.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 744 shares of the restaurant operator’s stock worth $321,000 after purchasing an additional 50 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Chipotle Mexican Grill by 101.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 307,230 shares of the restaurant operator’s stock worth $132,659,000 after purchasing an additional 154,428 shares during the last quarter. Stevens Capital Management LP boosted its holdings in Chipotle Mexican Grill by 94.3% during the third quarter. Stevens Capital Management LP now owns 14,778 shares of the restaurant operator’s stock worth $6,717,000 after purchasing an additional 7,171 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Chipotle Mexican Grill during the third quarter worth $2,407,000. Finally, Gideon Capital Advisors Inc. boosted its holdings in Chipotle Mexican Grill by 73.4% during the third quarter. Gideon Capital Advisors Inc. now owns 1,313 shares of the restaurant operator’s stock worth $597,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 92.49% of the company’s stock.

In other news, CFO Jack Hartung sold 4,907 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $625.21, for a total value of $3,067,905.47. Following the completion of the transaction, the chief financial officer now owns 45,237 shares in the company, valued at $28,282,624.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pershing Square Capital Manage sold 11,980 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $602.45, for a total transaction of $7,217,351.00. The disclosure for this sale can be found here. Insiders sold 44,037 shares of company stock valued at $26,516,662 in the last quarter. Corporate insiders own 2.19% of the company’s stock.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of September 30, 2018, it operated 2,424 Chipotle restaurants in the United States, as well as 37 international Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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